I am neutral. I see nothing wrong to have something discrete or loud ornate design wether it monogram or not.
I do get tired of hearing people who claim they are minimalist and complain about wearing monogram isn't fashionable and it too loud for you where it look ridiculous to just gain attention and I see this person wearing a predominant H belt from Hermes or a Ferragamo logo belt on them. To me people like that are no different to gain "attention".
Just don't over do it with prints. And don't be too concern of brands, status and exclusivity alone than you look ridiculous. That ruins the perception of wearing monogram prints or wearing luxury goods in general.